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25. Transactions with related parties

Vesteda has a pension plan with ABP. In 2020, Vesteda paid premiums in the amount of €2.2 million (2019: €2.0 million). This counterparty is also a participant in the Fund. All transactions are at arm’s length.

The Management Board and the Supervisory Committee are identified as key management personnel in accordance with IAS 24. The remuneration of the Management Board and the Supervisory Committee is explained in Note 28 and Note 29 respectively.